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폴 쿠르그먼 국제경제학 문제은행 ch13

Chapter13 National Income Accounting and the Balance of Payments13.1 The National Income Accounts1) A country's gross national product (GNP) isA) the value of all final goods and services produced by its factors of production and sold on the market in a given time period.B) the value of all intermediate goods and services produced by its factors of production and sold on the market in a given time period.C) the value of all final goods produced by its factors of production and sold on the market in a given time period.D) the value of all final goods and services produced by its factors of production and sold on the market.E) the value of all final goods and services produced by its factors of production, excluding land, and sold on the market in a given time period.Answer: APage Ref: 323Difficulty: Easy

학교| 2021.06.16| 22페이지| 1,500원| 조회(108)

국제경제학, 문제은행, 폴 쿠르그먼

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폴 쿠르그먼 국제경제학 문제은행 ch7

Chapter7 External Economies of Scale and the International Location of Production7.1 Economies of Scale and International Trade: An Overview1) If a firm's output more than doubles when all inputs are doubled, production is said to occur under conditions ofA) intra-industry equilibrium.B) decreasing returns to scale.C) imperfect competition.D) increasing returns to scale.E) constant returns to scaleAnswer: DPage Ref: 152Difficulty: Easy2) One advantage of the specialization that results from international trade is that countries can take advantage ofA) scale economies.B) taste reversals.C) production diversificationD) smaller countries.E) lower transport costs.Answer: APage Ref: 152-153Difficulty: Moderate

학교| 2021.06.16| 10페이지| 1,500원| 조회(121)

국제경제학, 문제은행, 폴 쿠르그먼

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폴 쿠르그먼 국제경제학 문제은행 ch22

International Economics: Theory and Policy, 11e (Krugman et al.)Chapter 22 Developing Countries: Growth, Crisis, and Reform22.1 Income, Wealth, and Growth in the World Economy1) The world's economies can be divided into four main categories according to their annual per-capita income levels. Which one of the following is NOT one of the categories?A) low-incomeB) upper middle-incomeC) high-incomeD) lower middle-incomeE) middle-incomeAnswer: EPage Ref: 693Difficulty: Easy2) Average per-capita GDP in the richest, most prosperous economies is ________ times that of the average in the ________ economies.A) 95, low (poorest) incomeB) 95, lower-middle incomeC) 73, lower-middle incomeD) 44, low (poorest) incomeE) 69, low (poorest) incomeAnswer: EPage Ref: 693Difficulty: Easy3) Compared with industrialized economies, most developing countries are poor in the factors of production essential to modern industry. These factors areA) capital and skilled labor.B) capital and unskilled labor.C) fertilo use for spending on goods and services.Answer: APage Ref: 698Difficulty: Easy4) In developing countries, exchange rates tend to beA) floating with some government intervention.B) pegged.C) hard to tell from the data.D) run by currency boards.E) flexible.Answer: BPage Ref: 698Difficulty: Easy5) Most developing countries have tried toA) liberalize capital movement.B) control capital movements.C) Hard to tell from the data.D) in the 1960s and 1970s control, now to liberalize.E) in the 1960s and 1970s liberalize, now to control.Answer: BPage Ref: 698Difficulty: Easy6) For many developing countries, natural resources or agricultural commodities make up ________ share of exportsA) close to noB) an unimportantC) an importantD) close a to 5 percentE) close to a 10 percentAnswer: CPage Ref: 698Difficulty: Easy7) In general, the development of underground economic activity ________ economic efficiencyA) hindersB) has no effectC) aidesD) hard to tell, sometime hinders, sometimes aidesE) spikesAorts of commoditiesD) made Argentina's currency fully convertible into U.S. dollars at a fixed rate and required that the monetary base be backed completely by gold or foreign currencyE) restricted risky international trade activityAnswer: DPage Ref: 710-711Difficulty: Easy11) In the instances where a loan has been issued under certain terms and has to be repaid, what happens when the borrower does not uphold these stipulations?A) callB) optionC) paymentD) defaultE) fraudAnswer: DPage Ref: 704Difficulty: Easy12) There are many ways developing countries finance their external deficits EXCEPTA) bank finance.B) portfolio investment in ownership of firms.C) bond finance.D) official lending.E) foreign exchange rates.Answer: EPage Ref: 706-707Difficulty: Easy13) During the time period of 1981-1983 what dramatic world issue happened?A) political instability, insecure property rightsB) stock market crashedC) world wide hyperinflationD) the collapse of the U.S. mortgages marketE) A world econome the major culprits.Page Ref: 710-713Difficulty: Moderate30) The 1980s are considered as the "lost decade" of Latin American growth. Explain why?Answer: Just as the Great Depression made it hard for developing countries to make payments on their foreign loans, the great recession of the 1980s also sparked a crisis over developing country debt. The fall in the industrial countries' aggregate demand had a direct negative impact on the developing countries. The problem was made worse by the dollar's sharp appreciation in the foreign exchange market, which raised the real value of the dollar debt burden substantially. The crisis began in August 1982 when Mexico announced that its central bank had run out of foreign reserves and that it could no longer meet payments on its $80 billion in foreign debt. Seeing potential similarities between Mexico and other large Latin American debtors such as Argentina, Brazil, and Chile, banks in the industrial countries, the largest private lenders to Latth American countries.Answer: Mainly, the reasons are: less moral hazard, less government debt to foreigners and smaller budget deficits in East Asian countries.Page Ref: 713-720Difficulty: Moderate10) Explain the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only because of the common Asian practice of industrial policy and business-government cooperation?Answer: Students should emphasize high rates of savings and investment, rapidly improving educational levels among the work force, and a high degree of openness to and integration with world markets.Page Ref: 714-716Difficulty: Moderate11) Based on the 1997 Crisis and your own experience, what are the main weaknesses of the East Asian economies?Answer: The textbook raised mainly three issues. The first weakness is little productivity increase, most of the growth due to capital and labor inputs increase, eventually leading to diminishing returns. The second weakness is the poor state of bac.

학교| 2021.06.16| 32페이지| 1,500원| 조회(130)

국제경제학, 문제은행, 폴 쿠르그먼

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폴 쿠르그먼 국제경제학 문제은행 ch2

International Economics: Theory and Policy, 11e (Krugman et al.)Chapter 2 World Trade: An Overview2.1 Who Trades with Whom?1) Approximately what percent of all world production of goods and services is exported to other countries?A) 10%B) 30%C) 50%D) 100%E) 90%Answer: BPage Ref: 10Difficulty: Easy2) The gravity model offers a logical explanation for the fact thatA) trade between Asia and the U.S. has grown faster than NAFTA trade.B) trade in services has grown faster than trade in goods.C) trade in manufactures has grown faster than in agricultural products.D) Intra-European Union trade exceeds international trade by the European Union.E) the U.S. trades more with Western Europe than it does with Canada.Answer: DPage Ref: 11-15Difficulty: Moderate3) The gravity model suggests that over timeA) trade between neighboring countries will increase.B) trade between all countries will increase.C) world trade will eventually be swallowed by a black hole.D) trade between Earth and other planets arger economiesD) mutual membership in preferential trade agreementsE) the existence of well controlled borders between countriesAnswer: EPage Ref: 14-16Difficulty: Moderate7) Why does the gravity model work?A) Large economies became large because they were engaged in international trade.B) Large economies have relatively large incomes, and hence spend more on government promotion of trade and investment.C) Large economies have relatively larger areas, which raises the probability that a productive activity will take place within the borders of that country.D) Large economies tend to have large incomes and tend to spend more on imports.E) Large economies tend to avoid trading with small economies.Answer: DPage Ref: 13Difficulty: Easy8) We see that the Netherlands, Belgium, and Ireland trade considerably more with the United States than with many other countries.A) This is explained by the gravity model, since these are all large countries.B) This is explained by the gravity model, sincworld's trade as a share of world production hasA) remained constant.B) increased.C) decreased.D) fluctuated widely with no clear trend.E) increased slightly before dropping off.Answer: BPage Ref: 18Difficulty: Easy2) In the current Post-Industrial economy, international trade in services (including banking and financial services)A) dominates world trade.B) does not exist.C) is an increasingly important component of global trade.D) is relatively stagnant.E) far surpasses the predictions of economist Alan Blinder.Answer: CPage Ref: 20-21-22Difficulty: Easy3) In the early 20th century, the United Kingdom exported mainlyA) manufactured goods.B) services.C) primary products including agricultural.D) technology intensive products.E) livestock.Answer: APage Ref: 19Difficulty: Easy4) In the early 20th century, the United Kingdom imported mainlyA) manufactured goods.B) services.C) primary products including agricultural.D) technology intensive products.E) from the United States.Answer: CPage Rfavor of (increasingly affordable) manufactures. Both income and price elasticities were greater in manufactures than in agricultural products. At the same time there was a steady tendency for synthetic (manufactured) inputs to replace agricultural based raw materials and industrial inputs. Hence, trade and, of course, international trade conformed to overall changes in patterns of world production and consumption.Page Ref: 18-21Difficulty: Moderate7) In the past half century, the developing countries have experienced major compositional shifts from exports of primary products (including agricultural and raw materials) to exports of manufactures. How might you explain this in terms of broad historical developments during this period?Answer: Any discussion of the export experience of the developing countries must first clarify the problem of definitional inclusion. In particular, the exports of the (non-OECD) developing countries, has become increasingly dominated by the experience of ally limited by low price and especially income elasticities; agricultural sectors tended to be highly and rigidly protected in potential OECD markets; and escalating effective tariff structures levied systematically large levels of protection against the primary exports of the developing countries; export success had to be pursued outside of the traditional primary exports of these countries.Page Ref: 18-21Difficulty: Difficult2.3 Do Old Rules Still Apply?1) The Services sector has been steadily rising in relative importance in GDP of the United States, as well as elsewhere around the world. Since "services" have been identified as "non-tradable" (e.g., it is difficult to export haircuts), it may be argued that this trend will likely slow the rapid growth in international trade. Discuss.Answer: This argument stands on questionable logical foundations. The past half century has seen a steady growth in the absolute and relative importance of international trade. This trend has been reverc.

학교| 2021.06.16| 6페이지| 1,500원| 조회(175)

국제경제학, 문제은행, 폴 쿠르그먼

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폴 쿠르그먼 국제경제학 문제은행 ch14

Chapter14 Exchange Rates and the Foreign Exchange Market: An Asset Approach14.1 Exchange Rates and International Transactions1) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?A) 50 dollarsB) 60 dollarsC) 70 dollarsD) 62.5 dollarsE) 40 British poundsAnswer: DPage Ref: 351-352Difficulty: Easy2) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.50 dollars per one British pound?A) 50 dollarsB) 60 dollarsC) 70 dollarsD) 80 dollarsE) 75 dollarsAnswer: EPage Ref: 351-352Difficulty: Easy3) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.80 dollars per one British pound?A) 40 dollarsB) 90 dollarsC) 50 dollarsD) 100 dollarsE) 95 dollarsAnswer: BPage Ref: 351-352Difficulty: Easy

학교| 2021.06.16| 34페이지| 1,500원| 조회(110)

국제경제학, 문제은행, 폴 쿠르그먼

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